AXT (AXTI) to Release Earnings on Thursday

AXT (NASDAQ:AXTI) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. AXT had a negative return on equity of 5.87% and a negative net margin of 14.75%. The firm had revenue of $27.92 million for the quarter, compared to the consensus estimate of $26.50 million. During the same period in the previous year, the business earned ($0.12) earnings per share. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Stock Performance

AXT stock opened at $2.57 on Thursday. AXT has a one year low of $1.89 and a one year high of $5.64. The company has a market cap of $114.11 million, a P/E ratio of -6.43 and a beta of 2.23. The business has a fifty day moving average of $2.48 and a two-hundred day moving average of $3.05.

Analyst Ratings Changes

Several equities research analysts have recently commented on AXTI shares. Needham & Company LLC reissued a “buy” rating and set a $5.00 price target on shares of AXT in a research note on Friday, August 2nd. StockNews.com cut shares of AXT from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. Finally, Wedbush restated an “outperform” rating and set a $6.00 price objective on shares of AXT in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.38.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.